Nigeria
Nigeria: Dr. Emomotimi Agama Assumes Role as SEC Director-General
Dr. Emomotimi Agama officially took office as the Director-General of the Securities and Exchange Commission (SEC) at the commission’s headquarters in Abuja on ...
Nigeria
Nigerian Banks Shut Down 2.021 Million Accounts Amid BVN, NIN Compliance
In the first quarter of 2024, commercial banks in Nigeria took decisive action by closing 2.021 million bank accounts, aiming to streamline their ...
Nigeria
Nigeria: NDIC Boosts Deposit Insurance Coverage to N5 Million
The Nigeria Deposit Insurance Corporation (NDIC) has taken a significant step towards bolstering depositor protection by increasing the Maximum Deposit Insurance coverage of ...
Regulatory
Global: MAS Lifts Six-Month IT Ban on DBS
Singapore’s central bank has removed restrictions on non-essential IT services imposed on DBS Bank following a series of disruptive outages that affected the ...
Regulatory
Uganda Implements ID Verification for High-Value Digital Transactions Amid Rise in Mobile Money Fraud
Amid a surge in digital payments fraud and scams, the Bank of Uganda has issued a directive mandating compulsory ID verification for all ...
Regulatory
Estonia Charts Future Course for Digital Identity and Wallets
Estonia is charting its course toward a future where physical identity cards coexist with evolving digital solutions, notably the upcoming European Union Digital ...
Nigeria
Nigeria: CBN Halts Customer Onboarding for Palmpay, Moniepoint, Opay, and Other Fintechs Over Crypto Concerns
In a significant move, the Central Bank of Nigeria (CBN) has implemented a ban on several leading fintech platforms, including Palmpay, Moniepoint, Opay, ...
Regulatory
Global: Austrian Privacy Complaint Targets OpenAI’s ChatGPT
Advocacy group NOYB has filed a privacy complaint against Microsoft-backed startup OpenAI, alleging violations of EU privacy rules due to incorrect information provided ...
Nigeria
Nigeria: Tinubu and Bill Gates Propose Digital Identity Platform for Streamlined Tax Collection
Bill Gates, former CEO of Microsoft, revealed during a meeting with President Bola Tinubu at the World Economic Forum (WEF) in Saudi Arabia ...
Regulatory
Global: SEC Initiates Review of New Regulations for Bitcoin Options Trading
The United States Securities and Exchange Commission (SEC) has commenced a new phase of consultations regarding proposed rule changes for trading options on ...